Adams Resources & Energy, Inc.

Houston, TX United States

 

Company Description

Bud Adams may have moved his football team to Tennessee years ago, but the company he founded (Adams Resources & Energy) remains a Houston oiler, with interest in oil and gas exploration, transportation, and marketing. The company's primary operations are all within a 1,000-mile radius of Houston. Subsidiary Gulfmark Energy buys crude oil at the wellhead for transport to refiners and other customers via trucks and barges, and the company's Ada Resources subsidiary markets refined petroleum products such as gasoline and diesel fuel. With exploration and production mainly in Texas and Louisiana, in 2010 Adams Resources reported proved reserves of 7.8 billion cu. ft. of natural gas and 267,000 barrels of oil.